Directorate of criminal Investigations Boss George Kinoti has insisted that most fraud is perpetuated by the institutions own employees. Mr.Kinoti, speaking in a meeting held at the Radisson Blu hotel, advised banks and Sacco’s management to do a thorough background check before engaging employee’s in whatever capacity.
The Kenyan banking industry is totally rotten due to weak leadership from the Central bank’s whose employees are themselves involved in fraud and money laundering.
Kinoti’s statement confirms our allegations that no fraud can happen at any bank without insiders facilitating it.
” Mr.Peter Sungu Nyakomitta, a Branch Manager with Diamond Trust Bank( DTB) in Kisii was arrested and arraigned in Milimani Law Courts for stealing Ksh.25Million from customer’s fixed account numbers. The theft was discovered after an internal reconciliation process was done.” Tweeted the DCI official account
“In another incident, Mr Abel Onyango a Relations Officer with the Family Bank through sim swaps accessed customers’ accounts and withdrew Ksh. 1.5 Million without their knowledge. The accused was arrested & arraigned in court.” Confirmed the DCI official account
“Mr.Habil Onyango Owiti, a FOSA Manager & strong room custodian with Harambee Sacco Ltd removed from the vault in smaller amounts cash totalling to Ksh.1,783,392 which was meant for the Sacco Area delegates & miscellaneous expenditure and fraudulently converted it into personal use” The DCI further confirmed.
In January 2018, I exposed how National Bank insiders had colluded with hackers to steal more than Ksh. 200 Million. The case died a natural death because it was the usual insider fraud NBK CEO Wilfred Musau uses to loot the bank. Then what else could explain why nothing has been done to the “hackers”?
In another case, Thieves stole Sh50m after digging a tunnel into KCB Thika branch in a theft believed to have been organized by the management. Kenya Commercial Bank is notorious for insider fraud and money laundering with the recent Sentry Report exposing how CEO Joshua Oigara helped South Sudan Leaders and military chiefs launder millions of dollars into Kenya.
Despite his protestations, KCB has always been complicit with the recent National Youth Service saga revealing that the bank helped the Ngiritas launder the proceeds of crime. Most of the NYS money was laundered Via KCB, which never flagged any of the transactions.
Apart from being a weak and complicit regulator, the Central Bank of Kenya governor Patrick Njoroge has completely failed to do something, having recently been linked to a tender scandal and being investigated for masterminding the NYS season one saga.
Maybe keeping your money under the mattress will save Kenyans…
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